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This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Have a nice Wednesday and New Year’s Eve. I have decided that there are three main groups of holiday observers this year. People who go to parties or people who stay home and watch the ball drop in Times Square. People doing late night training classes and races. and those who are about to go AMC Watch the “Stranger Things” finale.This newsletter typically covers five things you need to know before the market opens. That list will now include Federal Reserve minutes showing a contentious December…
Post-holiday sales are always strong and this year is no exception. We’ve already found Black Friday-worthy deals on everything from Crest Whitestrips to winter accessories to Coach bags and more. However, it is rare to come across a hot item that is still in stock at this time of year. And it’s not actually included in the sale. This must be a magical leftover from Christmas as we spotted the Frye Miranda boots that went viral on TikTok and Instagram this year. And not only are all sizes available yet. This cult-favorite style is now under $150. The OG brand,…
As the restaurant industry continues to face difficult conditions this year, many chain stores have chosen to close unprofitable stores in an effort to rebuild their businesses.Consumers fed up with inflation have cut back on spending at restaurants and started eating at home or chasing deals when eating out. While some restaurants are attracting reluctant customers, the industry is largely suffering from weak sales. According to Black Box Intelligence, foot traffic to restaurants open for at least a year decreased every month in 2025, with the exception of July. In recent years, restaurant closings have been clustered across casual dining…
Reuters — Russia on Tuesday released footage purporting to deploy a nuclear-capable hypersonic Oleshnik missile system to close ally Belarus. This is a move aimed at strengthening Russia’s ability to attack targets across Europe in the event of war. State news agency TASS said it was the first time the Defense Ministry had unveiled the Oleshnik mobile missile system, but President Vladimir Putin has declared it impossible to intercept because the missile’s speed is reportedly more than 10 times the speed of sound. The deployment, and the Russian government’s announcement that the missile was in operation in the country that…
Mortgage rates are lower, home prices are falling, and there is more supply on the market. All of this leads to increased affordability for today’s homebuyers. But for first-time buyers, saving for a down payment remains the biggest hurdle. Nationally, prices are essentially flat compared to a year ago, according to Parkle Lab, which tracks U.S. home prices daily. It fell into negative territory at the beginning of this month and is currently only up 0.3% from the previous year. The latest S&P Cotality Case-Shiller Home Price Index, which reflects pricing from October, showed wide disparities among metropolitan markets. Chicago…
Michael Barry attends the New York premiere of ‘The Big Short’ at the Ziegfeld Theater on November 23, 2015 in New York City.Jim Spellman | Wire Images | Getty ImagesProminent investor Michael Burry denied short selling on Wednesday. teslashares rose after criticizing the EV maker as “ridiculously overvalued.” In a social media post about Berry, who rose to fame by brilliantly predicting the collapse of the U.S. housing market that led to the 2008 global financial crisis, made his position clear in another post, calling Tesla “ridiculously overvalued.”The “Big Short” investor gave a similar assessment of Tesla’s stock valuation to…
Catherine Delahaye | Digital Vision | Getty ImagesThe first 10 drugs eligible for new Medicare price negotiations will go into effect on January 1, prompting significant out-of-pocket savings for some older Americans who rely on these drugs.Enrollees in Medicare Part D prescription drug plans could see their negotiated out-of-pocket costs for drugs decrease by more than 50% on average in 2026, according to a new study from AARP, a nonprofit organization representing Americans age 50 and older. Additionally, next year’s enrollees could pay less than $100 a month for seven of the 10 drugs being negotiated, the AARP study found.…
Whether you’re a full-time nomad or a once-a-year vacationer, every special travel memory begins with one essential question: where to? This year, the team at CNN Travel hopes to answer not only the question of where, but also the question of why now? These destinations are special all the time, but there’s something new or significant happening in 2026 that you should know about. The places to go in 2026 list includes a region that will experience a rare total solar eclipse, a city that has been crowned a capital of culture, a foodie haven that just scored a major…
Before moving to New York City in 2013, Cynthia Diaz had no professional cooking experience on her resume. At home in the Dominican Republic, she cooked for her family, but was new to the restaurant industry.In New York, that quickly changed. Over the years, Diaz has held a variety of roles at restaurants, from server and bartender to maître d’ and host.”I wanted to learn more about all the roles in the industry,” she tells CNBC Make It.Now, the 33-year-old has two more roles under her belt. She is currently a private chef and culinary educator.Our resident chef, Cintia Diaz,…
Half Point Image | Moment | Getty ImagesWorkers may have a new way to prepare for largely unpredictable health-related expenses during their golden years.Under new rules now in effect, 401(k) plans allow participants to take limited, penalty-free withdrawals to pay for long-term care insurance. Long-term care insurance covers the cost of assistance with activities of daily living, such as bathing, dressing, and eating, which are often needed later in life. The new rules were included in the 2022 Retirement Act, known as the Secure Act 2.0, with an effective date of December 29, three years later.However, it has its limitations.…